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Kilmore is ranked the Victorian location with a highest number of distressed house offerings, according to Investar’s latest market report. 
Around half its listings are being offered at a discount or distressed price.
Curlewis and Cranbourne also had high discount levels among its listings.
The median house price at Kilmore is $333,000. Houses are being typically rented at a $340 median weekly rent.
Houses are averaging 110 days on the market before being sold.
<div align="center">
<table style="width: 546px;" border="0" cellpadding="0" align="left"><tbody>
<tr>
<td>
Suburb
</td>
<td>
Postcode
</td>
<td>
Dwelling type
</td>
<td>
Bedrooms
</td>
<td>
% of listings
</td>
</tr>
<tr>
<td>
Kilmore
</td>
<td>
3764
</td>
<td>
House
</td>
<td>
4
</td>
<td>
51%
</td>
</tr>
<tr>
<td>
Curlewis
</td>
<td>
3222
</td>
<td>
House
</td>
<td>
4
</td>
<td>
43%
</td>
</tr>
<tr>
<td>
Cranbourne
</td>
<td>
3977
</td>
<td>
House
</td>
<td>
2
</td>
<td>
41%
</td>
</tr>
<tr>
<td>
Wallan
</td>
<td>
3756
</td>
<td>
House
</td>
<td>
4
</td>
<td>
40%
</td>
</tr>
<tr>
<td>
Coronet Bay
</td>
<td>
3984
</td>
<td>
House
</td>
<td>
3
</td>
<td>
31%
</td>
</tr>
</tbody></table>
</div>
 
 
 
 
The list was produced using sales listing data including distressed sale condition keyword analysis.
It identified listings with one or more keywords that would indicate an increased level of seller motivation and calculated this as a percentage of total listings on the market.
It is designed to identify suburbs with the highest percentage of potentially distressed price stock based on the descriptions used by agents and vendors.
The category also included price reduction activity.
A currently tenanted house at <a href="https://www.realestate.com.au/property-house-vic-kilmore-121845038" target="_blank">4 Blackduck Crossing</a> (above) had its price reduced several time until its recent $290,000 sale. 
It had been dropped to a $300,000 asking price from $310,000 having been listed in February at $335,000.
It last sold in 2010 at $293,000. 
 
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j.ballantyne1990-6AQqhLzZaK

Kilmore takes top spot for distressed house offerings in Victoria: Investar

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A freehold building in Sydney's beachisde suburb of Clovelly has sold to a private investor and owner occupier for $2.92 million with a yield of 0.5 percent.
The property, 338-342 Clovelly Road, is opposite the Clovelly Hotel and has two retail shops, two residential apartments and a land area of 455.3 square metres.
The property sold before auction through Matt Pontey and Miron Solomons of Colliers International, with a record 150 enquiries in the first few weeks of the campaign commencing.
Matt Pontey said there have been limited opportunities in the Clovelly area over the last 12 months and interest was received from High Net Worth owner occupiers, private investors, syndicators, value-add specialists and ambitious developers.
<img src="/images/2016/12/01/338-342%20Clovelly%20Road%20Clovelly%20-%20marked%20LR.jpg" alt="">
 
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Clovelly beachside asset breaks local records before auction

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The latest research from Richmond Cityscope shows property sales have decreased in the past three months, according to CoreLogic’s market report.
Sales recorded in the quarter ending November 2016 totalled $57.2 million.
This is a decrease from the $96.5 million recorded in the three months to August 2016 but an increase from the $47.6 million recorded to May 2016.
This data brings the 12-month total to $234.3 million, an increase from the $203.7 million recorded for the same time last year.
The data for this update of Richmond includes sales from the past two years in the additional 17 maps that have been added to the coverage area.
The table below shows sales recorded for the past eight updates of Richmond Cityscope.
<a href="/images/2016/11/30/Richmond-1.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/30/Richmond-1.jpeg" alt="">
Notable sales in the November 2016 update of Richmond Cityscope include:
<ul>
<li>630 Church Street, Richmond, a five-storey office building including a 2-level basement car park for 78 cars. Total building area is 3,184 sqm comprising 1,010 sqm of showroom space and 2,174 sqm of office space, was sold for $23.5 million;</li>
<li>1-9 Gordon Street, Cremorne, a single-storey commercial building with a site area of 852 sqm parcel, was sold for $4.55 million; and</li>
<li>107 Palmer Street, Richmond, a two-storey industrial/commercial building with a building area of 1,309 sqm, was sold for $4.06 million.</li>
</ul>
<a href="/images/2016/11/30/Richmond-2.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/30/Richmond-2.jpeg" alt="">
Properties listed as for sale in the November 2016 of Richmond Cityscope include:
<ul>
<li>196-198 Bridge Road, Richmond, a 2-storey retail brick building with a single-storey section to the rear situated on a 260 sqm block, is for sale by negotiation through TCI Property Consultants;</li>
<li>133 Green Street, Cremorne, a vacant land of 131 sqm with a development approval for the construction of a three level office building, is for sale through Morley Commercial; and</li>
<li>Lot 9 of Skipping Girl Place at 651-653 Victoria Street, Abbotsford, a commercial unit located on level one, is for sale through Gross Waddell.</li>
</ul>
Significant leasing opportunities in Richmond in November 2016:
<ul>
<li>Abbotsford Office Park at 675 Victoria Street, Abbotsford, a four-storey office building with car parking for 110 vehicles, which has 400 – 1,800 sqm of office space for lease through Colliers International;</li>
<li>43 Elizabeth Street, North Richmond, an eight-storey office building with 346 undercover parking spaces, which has 1,871 sqm of office space for lease through Colliers International;</li>
<li>74 Wellington Parade, East Melbourne, a two-storey building, which has 80 sqm of retail space for lease through Teska Carson Richmond; and</li>
<li>543 Bridge Road, Richmond, a six-storey retail and office building, comprising office space on the upper levels, 900 sqm retail space on the ground level and two basement car parking for 91 cars, which has 550 – 785 sqm on level 4 for lease through Colliers International (Clayton).</li>
</ul>
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Richmond commercial property market turnover declines: CoreLogic

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Singer-songwriter Pete Murray has traded in the Byron Bay beaches to return to the hinterland.
He has bought a retreat at Newrybar, a four bedroom home some nine kilometres from his former abode.
Murray, who sold his near beachfront Suffolk Park home, Blue Sky Beach House, for $2,205,000 in July, spent $1,685,000 on hinterland property.
The two level home on its 6,107 sqm lot comprises an open plan kitchen and large outdoor entertaining spaces offer views over the hinterland.
There's also an ornamental vineyard.
The home was marketed by selling agent Scott Harvey at Scott Harvey Real Estate as having plans passed for further renovations that include an infinity pool and a Balinese bathhouse.
Murray, who has recently been performing some acoustic session in the Maldives, previously lived at Eureka, where he and former wife, Amanda Coutts bought Carawatha, the district's original farm house.
His third album, Summer at Eureka, was released in 2008, becoming his third consecutive #1 album on the ARIA charts.
The study in the 1907 property featured on the cover of the album. 
Murray briefly even had his own restaurant in Byron Bay in 2013 called Frankie Brown Cafe, named after his Kelpie dog, Miss Frankie Brown.
This article first appeared in the Saturday Daily Telegraph.
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Singer-songwriter Pete Murray heads to Byron hills

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The Hills of Carmel, a 2,000 lot sub-division spread across 223 hectares in the newly rezoned Box Hill, is progressing at least six months ahead of schedule, according to the developers.
More than 275 housing lots have been sold to home buyers since the $1.3 Billion Hills Shire site launched in May with council consent received for a further 300 lots, likely to be released to buyers in stages in the new year.
“We’ve seen extremely strong sales since day one and that doesn’t seem to be slowing down as the year draws to a close,” said Bob Welsh, the property development consultant for The Hills of Carmel.
According to Welsh, housing construction will commence in February 2017 for the master-planned community in the soon-to-be developed suburb of Box Hill, with the first Hills of Carmel residents set to move into their new homes by winter 2017.
Australia’s biggest and most established display home organisation, Homeworld, has also announced plans for a new 110-lot display village in The Hills of Carmel from mid next year.
“This really shows the quality of the future suburb, as the builders want to display their best product,” said Welsh.
Situated in the premium Hills Shire area, just 40 minutes from the Sydney CBD, 10 minutes from the soon to be completed Metro line at Rouse Hill, and 10 minutes from the Hawkesbury River, the 223-hectare Hills of Carmel offers unparalleled views to the Blue Mountains.
“In line with the need for smaller lots, as described by the Department of Planning, we are providing both small detached dwelling lots and larger lots ranging in size from 300m2 to 870m2.
"We have just released a further 25 lots for sale in the current stage, with prices starting from $427,000 for 300m2, 16 of which sold on the first weekend,” he said.
The Department of Planning expects the new suburb of Box Hill to eventually comprise of 9,600 dwellings and a population of more than 28,000 people.
For more information on The Hills of Carmel, visit <a href="https://www.thehillsofcarmel.com.au/" target="_blank">www.TheHillsofCarmel.com.au</a>.
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Billion dollar Box Hill development, The Hills of Carmel ahead of schedule

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Celebrated international fashion designer Camilla Franks has bought a Victorian era residence in Woollahra.
Set amid 455 square metres of landscaped gardens, the four bedroom, three bathroom freestanding home was built in the 1880s.
The modernised open plan family room spills out to a rear deck. 
It last traded for $2 million in 2002.
Belle Property agent Albert Sassoon secured the pre-auction sale to the queen of the kaftan.
Known for her love of colour and stylish designs, the fashion designer will no doubt decorate with her eclectic blend of the exotic, quirky and antique.
She intends sharing the house with two large dogs - Gypsy and Beau. The latter, an Italian mastiff, weighs 60 kilograms.
Franks opened the boutique store, Camilla, in Bondi Beach in 2004 and has gone on to develop an international clothing empire, dressing the stars here and overseas.
She is in stores across Australia. Some of her most famous clients include singer Beyonce and Oprah Winfrey. 
Until recently Franks has been residing in Wales where she reconnected with her 'soul mate' who she fell in love with around 20 years ago.
The couple were living in Cowbridge, a town half an hour outside of Cardiff.
This article first appeared in The Sunday Telegraph. 
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Fashion designer Camilla Franks pins down Woollahra purchase

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Orthopaedic surgeon Gordon Slater’s former holiday home at Byron Bay has been sold for $6.2 million to a Victorian family.
Located at 158 Lighthouse Road, the property was sold mortgagee-in-possession after the surgeon’s Byron Bay Cookie Company went into receivership three years ago.
Selling agent Ian Daniels from McGrath said he had received 10 registered bidders.
<a href="https://www.realestate.com.au/sold/property-house-nsw-byron+bay-123885158" target="_blank">The property</a> was listed with $4.7 million hopes.
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10 bidders seek to snap up Byron Bay holiday home

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The newly approved Architectus and Ateliers Jean Nouvel tower at 383 La Trobe Street is being developed by Sterling Global.
The $700 million mixed-use tower is a design collaboration between French design architect Ateliers Jean Nouvel and local Australian executive architect Architectus.
The 70-storey tower will have 488 one, two and three bedroom residences and a 196-room hotel.
Now that planning approval has been granted, Sterling Global will engage with international hotel operators.
Matthew Smith, the managing principal, Architectus said the striking new mixed-use tower promises to be become a Melbourne landmark, contributing to the city’s artistic nature and cementing its place in the skyline as a centre of design and culture.
Brandon Yeoh, the development director, Sterling Global said 383 La Trobe Street offered one third of its land back to the public, creating a new laneway dotted with a gallery space, cafes, bars, art spaces and a huge digital art installation.
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French and Australian design collaboration on 383 La Trobe Street, Melbourne landmark

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The latest research shows that property sales have decreased over the past three months, according to CoreLogic’s Auckland Cityscope report.
In the three months to November 2016, there were 54 sales for a total of $200.5 million compared with 35 sales for a total of $239.8 million recorded for the three months to August 2016.
There is an increase from the 28 sales at a total of $107.6 million recorded for the three months to May 2016. 
The latest data brings the total sales for the 12 months to $906.4 million, a decrease from the $1.321 billion in sales recorded to the same time last year.
The table below shows sales recorded for the past eight updates of Auckland Cityscope:
<a href="/images/2016/11/30/Auckland-1.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/30/Auckland-1.jpeg" alt="">
Notable sales in November 2016 update of Auckland Cityscope include:
<ul>
<li>450 Queen Street, comprising of a D-grade office building of five levels including a basement to Queen and Waverley Streets, built in 1974-75 and a four-level (plus two basement levels) extension with the entrance from Waverley Street; built in 1988; which was sold for $39 million;</li>
<li>Media Design Centre, a 20-storey building at 92 Albert Street, comprising 15 office levels and a two-level retail plaza, completed in 1988, which was sold for $36 million; and</li>
<li>43 High Street, an 11-level building including ground and basement retail space, completed in 1973, which was sold for $15.825 million.</li>
</ul>
<a href="/images/2016/11/30/Auckland-2.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/30/Auckland-2.jpeg" alt="">
Properties listed as for sale in the November 2016 of Auckland Cityscope include:
<ul>
<li>VR Queen Street, at 401 Queen Street, a nine-storey octagonal building plus two basement levels for 27 cars and outside parking for seven cars, completed in 1986, which is available through Barfoot &amp; Thompson;</li>
<li>Newman Hall, two storeys to Waterloo Quadrant, four storeys down the slope to the rear, was built in 1863 as the Nathan family home, and originally known as Bella Vista, which is for sale by tender closing December 1, 2016 through Whillans Realty Group;</li>
<li>350 Queen Street, a nine-storey office building, built in 1982-83 by Mainzeal Construction to a design by the Walker Co-Partnership, which is for sale through a private treaty campaign closing December 6, 2016 through CBRE and Barfoot &amp; Thompson Commercial; and</li>
<li>Quantum Education Tower, a 13-storey building, built 1976-77 by Fletcher Construction Ltd and refurbished in 1989, which is for sale by private treaty closing December 1, 2016 through Bayleys Auckland Central.</li>
</ul>
Leasing opportunities in the November 2016 update of Auckland Cityscope include:
<ul>
<li>IBM Centre at 82 Wyndham Street, a five-storey commercial building, completed in April 1999, which has office space of 2,579 square metres and 4,228 square metres available for lease through Colliers International and Bayleys Auckland Central;</li>
<li>ANZ Centre at 23-29 Albert Street, a 42-level reinforced concrete tower block originally built in May 1991 and extensively refurbished in 2013, has newly refurbished office space available for lease on levels 14 and 15 (available in February 2017) and levels 34 to 39 (available mid 2019) through Bayleys Auckland Central; and</li>
<li>SAP Centre at 67 Symonds Street, a nine-level office tower over a four-level basement car park (233 spaces), which has office space of 1,203 square metres on level 6 and  957 square metres on level seven available for lease through Colliers International.</li>
</ul>
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Auckland commercial property sales activity in decline: CoreLogic

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The latest research shows that commercial property sales have significantly decreased in the past three months, according to CoreLogic’s Chapel Street Cityscope report.
Sales recorded in the quarter ending November 2016 totalled $3 million from three sales.
This is compared with $211.8 million from 8 sales in the three months to August 2016 and the recorded $131.2 million from 13 sales in the three months to May 2016.
The November 2016 sales totals represent a return to normalcy after The Como Centre and 650 Chapel Street were each bought together for approximately $203 million, boosting the total in the August quarter.
This data brings the 12 month total to $451.8 million from 34 sales, an increase compared with the previous 12 month total of $331.9 million from 38 sales.
The table below shows sales recorded for the past eight updates of Chapel Street Cityscope:
<a href="/images/2016/11/30/C.S-1.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/30/C.S-1.jpeg" alt="">
Notable sales recorded in the November 2016 update of Chapel Street Cityscope include:
<ul>
<li>69 Toorak Road, South Yarra, a two-storey retail building on a site area of 151 square metres, sold for $1.535 million;</li>
<li>Suite 10 and Suite 11 of 210 Toorak Road, South Yarra, two strata offices on level one of a two-storey building including four car spaces on title, sold for a total of $0.75 million.</li>
</ul>
<a href="/images/2016/11/30/C.S-2.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/30/C.S-2.jpeg" alt="">
Properties listed as for sale in the November 2016 update of Chapel Street Cityscope include:
<ul>
<li>29 Toorak Road, South Yarra, a two-storey brick building with a shop at street level and offices above on a 187 square metres site, for sale by auction in December 2016 through Fitzroys;</li>
<li>49 Toorak Road, South Yarra, a two-storey retail building on a 56 square metres site, for sale through LINQ Property;</li>
<li>403 Chapel Street, South Yarra, a two-storey retail building with a later brick addition to the rear on a 185 square metres site, for sale by auction in December 2016 through CBRE – Melbourne.</li>
</ul>
Leasing opportunities listed in the November 2016 update of Chapel Street Cityscope include:
<ul>
<li>The Colonnade at 524 Chapel Street, South Yarra, a three-level retail and office complex with 198 car spaces over two levels , has retail space of 99 square metres and 165 square metres for lease through Fitzroys;</li>
<li>352-354 Chapel Street, South Yarra, a single-storey retail building, providing 321 square metres building area, for lease through Fitzroys;</li>
<li>2 Darling Street, South Yarra, a four-level office building with a ground floor cafe, has office space of approximately 250 square metres for lease through Healthcare Real Estate and CBRE – Melbourne.</li>
</ul>
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Fewer Chapel Street retail property sales: CoreLogic

Apartment buyers in New South Wales are set to gain a decade of insurance-backed protection against major building defects, after the NSW Parliament passed the Fair Trading and Building Legislation Amendment Bill 2026.&nbsp;

The Bill establishes decennial defect insurance, known in the market as Latent Defects Insurance (LDI), as an alternative to the existing two-year strata building bond. It cleared the Legislative Council with amendments on Tuesday evening (August 4, 2026), with the Legislative Assembly agreeing to those amendments shortly after.

Under the reform, eligible developers can satisfy their statutory bond obligation by taking out an approved decennial-style policy that gives owners 10 years of cover for major structural defects from completion, claimable directly, without first having to pursue developers or builders through costly legal action.&nbsp;

The change forms the final tranche of amendments arising from the 2021 statutory review of the Strata Schemes Management Act 2015 and related legislation.

Resilience Insurance, which originated the cover in Australia and has delivered it in NSW since 2022, welcomed the passage and credited the NSW Government for delivering it.

“This is protection apartment buyers have needed for a long time, and the credit for delivering it belongs to the NSW Government,”&nbsp;said Corey Nugent, CEO of Resilience Insurance.

“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into. Reform like this is what good, evidence-based regulation looks like.”

Resilience has delivered LDI in NSW since 2022, protecting thousands of apartments, giving the State, and now the country, real-world evidence of how decade-long, no-fault protection works in practice.

The reform also places NSW within a wider national shift.

NSW is the third jurisdiction to put decennial cover into law. The ACT legislated for it in 2024, with the scheme taking effect in late 2025, and Victoria passed its own framework on 17 June. Between them, the three cover the majority of Australia's apartment market.

The reform commences once the legislation is proclaimed, which is expected in the coming weeks. From that point, developers of Class 2 residential apartment buildings can meet their statutory obligation with an approved decennial policy in place of the bond.

Buyers who purchased into projects that took out the cover early are among the first in the country to take keys to apartments carrying decade-long structural protection.

“With the legislation passed, the focus now turns to making it work for buyers,”&nbsp;Nugent said.

“There are already thousands of apartments in NSW covered by this insurance, bought by developers who moved early. The question every buyer should be asking in a display suite is a simple one: does this building come with 10-year defect cover, and who stands behind it?&nbsp;

“We look forward to working with the Government and the Building Commission in coming weeks as the framework moves to implementation, and to sharing what we have learned over the past four years so the protection reaches owners as smoothly and quickly as possible.”

Other states are working through their own reform programs. Western Australia has indicated that decennial cover is within consideration a later stage of its reform sequence, and Queensland has been examining the settings as it looks at the development pipeline ahead of the 2032 Olympics.

Resilience Insurance acknowledges the NSW Government’s continued focus on strengthening consumer protection while supporting housing delivery across the State.

Fast Facts: What the reform means

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Proven at scale:&nbsp;Decennial cover has operated in NSW since 2022, protecting thousand of apartments.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">10 years of cover:&nbsp;Protection for major structural defects runs for a decade from completion, claimable directly and with no legal action required.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">An alternative to the bond:&nbsp;Eligible developers can meet their statutory obligation with an approved decennial-style policy in place of the 2% strata building bond.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Part of a national shift:&nbsp;The ACT has had decennial provisions in force since 2025 and Victoria passed its framework in June. NSW now joins them.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">No-fault, first resort:&nbsp;Owners corporations claim directly from the insurer without first having to establish who is liable for the defect.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost-competitive:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the 2% bond while offering broader, longer protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market position:&nbsp;Resilience originated LDI in Australia and has delivered it in NSW since 2022.</li>
</ul>

Fast Facts: What is Resilience LDI?

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Resilience Latent Defects Insurance (LDI):&nbsp;Covers major structural defects for 10 years from completion.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Consumer-first:&nbsp;Direct claim access, no need for lengthy legal action.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost advantage:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market leader:&nbsp;&nbsp;Resilience Insurance originated LDI in Australia and is the national market leader.</li>
</ul>

Joel Robinson

NSW parliament passes 10-year defect insurance laws for new apartment buyers

Builder-developer <a href="https://www.apartments.com.au/developers/mcnab-developments">McNab</a> has wasted little time reshaping one of South Brisbane's most significant undeveloped apartment sites after acquiring the property earlier this year.&nbsp;

McNab has lodged plans to scrap an existing approval for two 30-storey towers and instead deliver a single 28-storey residential building, preserving part of the site for a future development opportunity.

The proposal, lodged over <a href="https://www.apartments.com.au/new-apartments/64-peel-street-south-brisbane-qld-4101">64 Peel Street and 9 Cordelia Street</a>, is for a residential-led mixed-use development comprising 124 apartments above a landscaped podium, alongside a boundary realignment that preserves part of the land for a future residential project.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="743bf564-3f8f-45fc-b8d3-bbf18f5b628f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20Peel%20st%20podium.png?VersionId=EhCxGrVn_VFH3qTbKnI4WppGwaMnOn0t" />

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a>, the development will deliver 119 two-bedroom and five three-bedroom apartments across 23 residential levels. A five-level podium will accommodate 135 car spaces, while the ground floor will include a 66 sqm commercial tenancy, an activated residential lobby with work-from-home spaces, and a publicly accessible landscaped plaza linking Cordelia and Peel streets.&nbsp;

Communal amenities will span Level 6 and the rooftop, including indoor and outdoor recreation spaces, a swimming pool, barbecue facilities, kitchen and dining areas, lawn space, sauna, steam room and yoga facilities.

The application also proposes a boundary realignment to create a standalone 1,290 sqm development lot while retaining an adjacent parcel for future redevelopment, allowing the balance of the site to contribute additional housing over time.

Hayball said the architecture has been shaped by the site's elevated corner position at the intersection of Peel and Cordelia streets and Brisbane's subtropical climate.

The design incorporates generous landscaped setbacks, a masonry podium wrapped with planting, large north-facing balconies, and a slender tower profile intended to maximise natural light, cross ventilation and long-range views. The rooftop has been conceived as a wellness-focused retreat overlooking Brisbane, with amenities positioned to capture views towards Mount Coot-tha and the CBD.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="c5f99e84-6ad8-4a87-82d1-869685b754d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20tower%20perspective.png?VersionId=Gw0IuJaSAlk.tvGBxInhZOcQAdIB..2b" />

The planning submission positions the proposal as a response to both changing market conditions and Brisbane's Kurilpa Sustainable Growth Precinct planning reforms.

McNab acquired the site after the previous approval was granted, with the existing scheme no longer reflecting current residential market demands, economic conditions, construction challenges, construction efficiencies or the quality of development outcome now being pursued, the planning report noted.

McNab continues to expand its residential development pipeline across Brisbane and the Gold Coast. The developer recently launched The Tannery in West End, securing more than 60 per cent of apartments before the project's public release. It is also delivering Elements Budds Beach in Surfers Paradise and Lucia Highgate Hill, an eight-apartment boutique development overlooking the Brisbane River.

McNab resets decade-old South Brisbane approval with 124-apartment tower

A steeply sloping Bellevue Hill site is set to accommodate a new mid-rise apartment development, with plans lodged for 20 homes that respond to the site's dramatic topography.

The proposal for the consolidated land at <a href="https://www.apartments.com.au/new-apartments/138a-140-bellevue-road-bellevue-hill-nsw-2023">138A-140 Bellevue Road</a> has been designed by Sydney architecture practice Common Office, which has used the site’s substantial fall to distribute the building’s scale and unlock 20 apartments without presenting the full height to the street.&nbsp;

“The unique design strategy leverages the site’s substantial topographical fall to facilitate increased density, presenting a seven-storey profile to Bellevue Road while rising to 10 storeys at the rear,” Common Office said in its architectural design report.

The apartment mix spans one, two, three- and four-bedroom residences. Four two-bedroom apartments are designated as affordable housing, while the plans also include two adaptable dwellings. The mix is majority three-beds, with the typical three-bed apartment offering around 144 sqm internally, with balconies of around 15 sqm.

The affordable housing component represents 15 per cent of the residential floor area and allows the project to access additional height and floor space under the NSW Government’s in-fill affordable housing provisions. The site also falls within the inner area of the Low and Mid-Rise Housing Policy because it is within 400 metres walking distance of Double Bay Town Centre.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="b1230d0f-3bfa-4a11-abaf-0928c66ef345" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da.png?VersionId=dZeMK3P.OutGjN8ycjsxm8uNsj_QFWQv" />

Common Office has arranged the building around a masonry podium and a lighter upper volume, drawing on two recurring elements of Bellevue Hill’s established architecture: sandstone bases and the vertical proportions of local Inter-war Art Deco apartment buildings.

“The proposal is governed by a holistic design language that reconciles the solid horizontal masonry of the neighbourhood’s podiums with the elegant verticality of its Art Deco heritage,” the architect said.

“The building maintains a consistent rhythmic logic utilising deep recesses and a sophisticated material transition to break down the 10-storey scale into a series of articulated, human-scale volumes.”

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="0147f503-1af1-4d51-97fb-c2f1cba63a9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20bldg.png?VersionId=GoW7q3NlK67OpnePXhk7zvklrlKb72Qc" />

Large-format sandstone tiles will define the lower levels, establishing a robust base that negotiates the change in elevation from Bellevue Road. Above, red-tinted precast concrete frames, recessed balconies, anodised aluminium screens and expanded metal details will create a more vertically expressed façade. Integrated planter beds will introduce greenery across balcony edges and recessed sections of the building.

The elongated northern façade has been divided into three recessed vertical masses to reduce its perceived length. Triangular window elements and metal privacy screens reference the geometry of nearby Art Deco buildings while controlling overlooking toward surrounding homes. The southern elevation will incorporate further privacy screening, landscaped edges and deep balconies to maintain light and ventilation.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="e8679cf1-18bc-4447-8a0f-0052b94ab83c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da%20rooftop.png?VersionId=5SQqQqRFf76rvE2p1TbxJSweMN70AIbc" />

Private and communal landscaping is distributed throughout the development. A landscaped garden apartment is positioned within the lower portion of the site, while a communal terrace on Level 5 will include a central timber deck, barbecue facilities, resident planting plots and areas for outdoor dining and informal gatherings.

Common Office described the terrace as an elevated sanctuary designed to capture district views and sunlight. Its planting strategy incorporates endemic species associated with the Eastern Suburbs Banksia Scrub, extending the landscape vertically through the building and providing habitat for local flora and fauna.

A second communal outdoor area is proposed at roof level, with built-in seating, paved gathering areas and perimeter planting.

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction. Positive Investment Enterprise is delivering the 16-apartment Kew Palm House on Birriga Road, while Chanine Developments is also under construction at Florian, a 36-apartment project on Banksia Road.

&nbsp;

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction.

First Look: Apartment development pitched for Bellevue Hill, Double Bay fringe

South Brisbane's apartment pipeline continues to build momentum, with <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a> lodging plans for a 161-apartment tower on Montague Road as developers accelerate investment across the Kurilpa Sustainable Growth Precinct.

The proposal for 176–186 Montague Road would replace an existing office building with a 20-storey residential tower designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, adding to a growing pipeline of high-density projects reshaping one of Brisbane's fastest-evolving inner-city precincts.

The project has been conceived as a "living building", featuring a flowing tower form, extensive vertical landscaping, and generous communal spaces that respond to the evolving Kurilpa Sustainable Growth Precinct.

TRK Property Group Development Director Matt Kan said the project reflected the confidence developers have in South Brisbane's long-term future.

"South Brisbane is entering an incredibly exciting period, and we see Montague Road sitting right at the heart of that evolution," Kan said.

"With the former Visy site directly opposite us and significant investment planned throughout the broader Kurilpa precinct, there is a real sense of momentum around this part of the city and what it will become over the coming years.

"For TRK, this is an opportunity to be part of that next chapter and deliver a project that responds to where the precinct is heading, while contributing to the continued evolution of Brisbane's river edge."

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="590fe1ad-f892-4446-a679-80e33a16d029" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20tower%20facade.png?VersionId=uOJStrcKpyHFcPE1w6_9SMAFzVMCcZll" />

The scheme includes a mix of one, two, three and four-bedroom apartments, incorporating multi-purpose rooms in selected residences to provide additional flexibility for home offices or expanded living areas. The proposed mix comprises 15 one-bedroom, 13 one-bedroom plus MPR, 73 two-bedroom, 26 two-bedroom plus MPR, 30 three-bedroom, and four four-bedroom apartments.

Rather than adopting a conventional rectilinear tower, COX Architecture has developed a sculpted form inspired by the movement of the Brisbane River.

"The proposal has been designed by COX Architecture as a 'living building' that responds to the site's riverine setting, floodplain history and evolving urban context within the Kurilpa Sustainable Growth Precinct," the planning report states.

"The architectural form draws from the fluid nature of the Brisbane River, with a curved and undulating tower form that creates a varied architectural edge and avoids a conventional rectilinear tower expression."

The podium has also been designed as an architectural feature rather than a conventional parking structure, with cascading planting, screening and natural-toned materials softening its appearance. Resident parking is elevated above ground level to address the site's flood constraints, while habitable apartments sit above flood planning levels. Upper-level communal facilities are designed to accommodate shelter-in-place arrangements during major flood events.

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="01fa15d0-90df-46c7-9555-7941fc45373c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20podium.png?VersionId=mHyua.w1pHGBt9qEdWzrlsv.leztUCwO" />

Communal amenity is a major focus of the proposal. Around 1,815 sqm of shared resident space is proposed across the ground floor, level 19 and the rooftop, including co-working areas, indoor and outdoor recreation spaces, wellness facilities, dining and gathering areas, lawn spaces, a rooftop pool and spa, and extensive landscaping. At street level, a landscaped forecourt and approximately 345 sqm of publicly accessible open space along Montague Road are intended to improve the pedestrian experience while activating the building's frontage.

The development will provide 163 car spaces, including 152 resident bays and 11 visitor spaces, together with 144 bicycle spaces incorporating resident storage, visitor parking, bicycle maintenance facilities and e-mobility charging infrastructure.

The site sits within one of Brisbane's fastest-changing inner-city precincts, less than two kilometres from the CBD and within easy reach of South Bank, West End, the Queensland Cultural Centre and extensive public transport connections. The Kurilpa Sustainable Growth Precinct planning framework is encouraging higher-density residential development to help meet Brisbane's housing supply targets while supporting walkable, transit-oriented neighbourhoods.

TRK Property joins South Brisbane apartment surge with Montague Road tower plans

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Staff reporter

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